Cryptocurrency Analysis and News Portal
It’s the debate the Federal Reserve isn’t ready to have yet: How to keep inflation from spiraling out of control once the economy opens back up. Considering the devastating toll from the coronavirus and the trillions of dollars of stimulus pumped into the financial system over the past year, top economists
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Bitcoin (BTC) was higher for a second day, staying in the past two weeks’ range of between roughly $34,000 and $40,000. “This period of consolidation is building a solid base, giving those who wish to sell bitcoin plenty of time,” according to the cryptocurrency exchange firm Diginex. Ether (ETH), the second-biggest cryptocurrency,
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(EDITOR’S NOTE: First Mover will not publish Monday, Jan. 18, in honor of Martin Luther King Jr. Day in the U.S., a CryptoX company holiday. The cryptocurrency market will be open, as it always is.) Bitcoin (BTC) was lower, trading around the $38,000 level where prices have gravitated for the past
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The U.S. Dollar Index fell sharply today, extending a 10 month losing streak that places it at the lowest point since April 2018. International news agency Reuters marked the occasion with a story headlined: “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak”. The article noted the tumble coincided with
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The outcome of next month’s U.S. presidential election may not matter much for bitcoin’s price: Economic stimulus in the trillions of dollars is likely no matter who wins, bolstering the largest cryptocurrency’s appeal as a hedge against inflation. President Donald Trump over the past week has reversed his opposition to another big government-spending bill following April’s
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Four years ago, when the Seychelles-based cryptocurrency exchange BitMEX announced a new product called the “perpetual bitcoin leveraged swap,” few traders in nascent digital-asset markets could have anticipated what a major impact the obscure roll-out would have on the industry.But the instrument, which made it easy for customers to trade
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Katie Ananina is building her citadel, and selling others on the dream. For the past year, the Russian emigre has jumped among the U.S. cities of Miami, Houston, San Francisco and Denver, plus Puerto Rico, random islands in the Caribbean and Guadalajara, Mexico, trying to find the right location to establish
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Floods are dampening bitcoin mining hashrates, Ethereum Classic may be thrown off its most popular exchange and bitcoin is moving off exchanges. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters
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A known gold enthusiast, financial commentator Peter Schiff said Bitcoin (BTC) holders are not actually looking to the asset as a storage of wealth — one of the most commonly touted use cases surrounding the coin. "I buy gold as a way to store my wealth, as a conservative place to
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Though Nassim Taleb believes that Bitcoin is a good idea he noted that almost all Bitcoiners do not understand its nuances.Professor Nassim Taleb is well known in the financial world for his views on black swan events among other things, recently he described Bitcoiners as “idiots”. He said so in
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